Business

363 articles · page 8 of 8

Business

To Win from the AI Revolution, Canberra Must Protect Australian Copyright

A leading Australian media executive has called on the federal government to safeguard copyright protections in the face of the artificial intelligence revolution, warning that tech platforms must not assume free access to locally produced content. In a strongly worded opinion, Michael Miller, a prominent voice in Australian media, argued that Canberra’s policy stance on copyright will determine whether the nation’s creators benefit from the AI boom or see their work exploited without fair compensation.

24 Aug·3 min
Business

Former Abercrombie CEO Michael Jeffries Ruled Mentally Fit for Sex-Trafficking Trial

A federal judge has ruled that Michael Jeffries, the 82-year-old former CEO of Abercrombie & Fitch, is mentally competent to stand trial on sex-trafficking charges, rejecting defense arguments that his dementia and Alzheimer's symptoms render him unfit to participate in his own defense. Jeffries, who was arrested in 2024 alongside his partner Matthew Smith and former staffer James Jacobson, faces accusations of luring young men into exploitative sexual encounters under the guise of modeling opportunities. The trial is scheduled to begin in late October, with a pretrial hearing set for Thursday.

24 Aug·3 min
Business

Trump Mobile's 'Made in the USA' Phone: BBC Verify Tracks Shifting Promises

A BBC Verify investigation has tracked a series of inconsistencies in the promotion of Trump Mobile's T1 smartphone, which the company has marketed as a 'Made in the USA' device. The analysis reveals that key details about the phone—including its design, technical specifications, manufacturing location, and launch timeline—have been altered multiple times, raising questions about the accuracy of the company's claims.

23 Aug·2 min·2 sources
Business

Potentia Capital Goes to War with Soprano Founder Over Blocked $330m Sale

Potentia Capital has launched a blistering public attack on the founder of software company Soprano, accusing him of derailing a $330 million trade sale, forcing out the chief executive, and then taking the top job for himself. The allegations, detailed in a statement from the tech buyout firm, mark an escalation in a bitter dispute over the future of the Melbourne-based communications software developer.

23 Aug·3 min·3 sources
Business

Real Estate Downturn Deepens: Bathla Falls Into Administration, Perth Agency Warned Over Conflict

Australia's property market is facing a triple blow this spring: heavily indebted developer Bathla has entered administration, a Perth real estate agency has been formally warned for allegedly allowing its agents to buy a home they were hired to sell, and new data confirms buyers have effectively 'gone on strike' amid falling prices and scarce listings. The developments underscore growing strain across the sector, from development giants to local agencies.

23 Aug·2 min·4 sources
Business

Missed out on a pay rise? Here’s how to turn a rejection into a guaranteed raise next year

Getting turned down for a raise can be a demoralising experience, but career expert Victoria Devine argues it can also be a powerful opportunity to reset your professional strategy. In a new guide published across multiple Australian news outlets, Devine outlines a step-by-step approach to not only cope with the disappointment but to build a compelling case that virtually guarantees a pay rise in the next review cycle.

23 Aug·2 min·3 sources
Business

Graeme Dott, Snooker Champion, Convicted of Child Sex Abuse as Child Star Risks Draw Global Attention

Former world snooker champion Graeme Dott was convicted on Monday of sexually abusing two primary school children in Scotland during the 1990s and early 2000s, as the case adds to a growing global conversation about the vulnerability of young people thrust into the spotlight. The 49-year-old was found to have subjected a girl and a boy to multiple incidents of abuse.

22 Aug·2 min·6 sources
Business

Court documents reveal Murdoch family plotted to oust News Corp CEO Robert Thomson

Newly unsealed court documents from Nevada reveal that Rupert Murdoch and his son Lachlan harboured doubts about News Corp CEO Robert Thomson and war-gamed his forced retirement, exposing the extent of the family's bitter succession clash. The records, made public this week, detail secret plotting against the Australian-born executive, including a memo drafted after watching the HBO drama Succession, and lay bare the tensions that have roiled the Murdoch family trust.

22 Aug·2 min·6 sources
Business

Nvidia denies plans for China-specific LPU chip as Supermicro fires staff over alleged GPU smuggling

Nvidia on Thursday flatly denied a report that it plans to ship a variant of its Groq-based language processing unit (LPU) to China by the end of 2026, telling Tom's Hardware the story is 'incorrect' and that the company has 'no China-specific LPU product in our roadmap.' The denial comes as Supermicro confirmed it has terminated employees, including two executives indicted by the US Department of Justice, after an internal investigation found failures in export compliance amid allegations of a $2.5 billion scheme to smuggle Nvidia GPUs to China.

22 Aug·3 min·4 sources
Business

Class Action Lawsuit Alleges Compose Created Fake Supply Shock to Drive Up NYC Rents

Two New York City renters have filed a class action lawsuit alleging that Compass, a major real estate brokerage, has deliberately withheld thousands of rental listings from public platforms like Zillow, creating a fabricated supply shortage that artificially raises rents across Manhattan. The complaint claims Compass controls over 80 percent of Manhattan rental listings, giving it monopoly power to dictate pricing.

22 Aug·2 min
Business

Dutch Regulator Fines Uber $966 Million for Automated Driver Suspensions Under GDPR

The Dutch data protection authority has fined Uber €825 million ($966 million) for deactivating driver accounts through automated systems without adequately informing them, according to a decision dated August 17. The penalty is the second-largest ever issued under Europe's General Data Protection Regulation (GDPR), underscoring the continent's aggressive enforcement of digital rules against US technology companies.

22 Aug·2 min·2 sources